<a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group</a> (CPG) is approaching the launch of its latest Brisbane riverfront development, Castile, on the dress circle Skyring Terrace in Newstead.

VIP buyers are now being engaged, with a full public sales launch coming later this year.

Positioned as the final opportunity to secure a new absolute riverfront residence on the East bank of Newstead, Teneriffe or New Farm, Castile at 47 Skyring Terrace has been designed by <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> as a timeless addition to the Brisbane skyline.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371113]

The name Castile draws on themes of permanence, sophistication and legacy, reflecting a broader vision centred on enduring architecture and timelessness in the rarest of riverfront positions.&nbsp;

CPG Chairman and CEO Don O’Rorke said the project had been envisioned as a future Brisbane icon.&nbsp;

“With 47 metres of direct river frontage and never to be built out views, 47 Skyring Terrace is the definitive address on the Brisbane River,” O’Rorke said.&nbsp;

[smartcode_project:default project_id=150489 project_image_fid=371114]

“Rather than following trend-based apartment design, Castile draws inspiration from Brisbane’s great heritage buildings, reinterpreting classical architecture into a contemporary riverfront landmark designed to stand proudly for the next 100 years,” he said.&nbsp;

The approved development will comprise 227 apartments across a 25-storey tower alongside a boutique six-storey riverfront building of just 12 residences.&nbsp;

Construction is scheduled to commence in September 2026.

[smartcode_project_cta:default project_id=150489]

Joel Robinson

CPG unveils Castile Newstead ahead of upcoming sales launch

Australia’s online shopping habits have shifted dramatically over the last decade. As eCommerce volumes surged, so too did the frustrations that came with traditional parcel delivery: missed deliveries, long Post Office queues, parcel theft and the challenge of being home during business hours.

Australia Post’s Parcel Lockers emerged as one of the more practical responses to that changing consumer behaviour.

What started as a relatively niche delivery option has evolved into a nationwide network of more than 1,400 self-service Parcel Lockers positioned at train stations, shopping centres, supermarkets and Post Offices across the country. The system allows Australians to send, collect and return parcels 24 hours a day, fundamentally changing how many people interact with deliveries.

The appeal is relatively straightforward: flexibility.

Instead of waiting at home for a delivery driver or rushing to a Post Office before closing time, users can direct eligible parcels to a Parcel Locker location of their choice. Once the parcel arrives, Australia Post sends a notification with a collection code or QR access through the AusPost app, allowing customers to retrieve their package at any time within the collection window.

For apartment residents in particular, the system has become increasingly valuable.

Higher-density living has created logistical challenges around deliveries, especially in buildings without concierge services or secure parcel rooms. Missed deliveries are common, while parcel theft has become an increasing concern as online shopping volumes continue to rise.

Australia Post itself has repeatedly highlighted the growing issue of “porch pirates” during peak shopping periods, encouraging customers to use Parcel Lockers as a safer alternative to unattended home deliveries.

That security aspect is one of the key reasons the Australia Post Parcel Locker network has grown so rapidly.

Parcel Lockers are positioned as secure, monitored collection points that reduce the risk of theft while also improving delivery efficiency for Australia Post. Instead of multiple redelivery attempts, parcels can be consolidated into a single secure destination.

The Parcel Lockers themselves are free to use through a MyPost account and support a range of parcel sizes up to 16 kilograms and dimensions of approximately 35 x 44 x 61 centimetres.

Beyond receiving parcels, the system has increasingly become integrated into the broader eCommerce ecosystem.

Customers can now use Parcel Lockers to return online purchases, while retailers have embraced the model as a way to improve delivery success rates and reduce friction in the shopping process. Australia Post has actively expanded partnerships with major retailers and promoted Parcel Lockers as part of a broader out-of-home strategy.

The timing of that expansion aligns with broader changes in Australian shopping behaviour.

The acceleration of online retail during and after the pandemic placed enormous pressure on delivery infrastructure. Parcel volumes reached record highs, particularly during Black Friday and Christmas periods, with Australia Post delivering more than 100 million parcels during peak festive seasons.

That growth forced logistics providers to rethink the “last mile” of delivery, widely regarded as the most expensive and operationally difficult stage of the process.

Parcel Locker systems have increasingly been viewed as part of the long-term solution.

The concept itself is not unique to Australia. Parcel Locker networks have become common globally, particularly across Europe and Asia, where dense urban environments and apartment living create similar logistical challenges. But Australia’s geography and suburban sprawl made adoption slower initially.

Now, however, the convenience factor is driving mainstream usage.

For commuters, Parcel Lockers near train stations allow parcels to be collected on the way home from work. For apartment dwellers, they remove the uncertainty around access and missed deliveries.

The rise of the AusPost app has also streamlined the experience, centralising notifications, tracking and Parcel Locker access into a single platform. Australia Post has increasingly pushed customers toward app-based delivery management, partly as a way to combat phishing scams and fake delivery notifications, which have become more sophisticated in recent years.

The Parcel Locker model is also beginning to influence property development itself.

Parcel management has become a growing consideration in apartment building design, particularly as online shopping becomes embedded in everyday life. Many new residential developments are now incorporating dedicated parcel rooms or Parcel Locker systems into foyers and communal spaces.

For developers, parcel management is increasingly viewed as part of the broader resident amenity offering, alongside gyms, wellness spaces and communal work areas.

That reflects a wider evolution in how residential buildings are designed.

Apartment buyers are placing greater emphasis on convenience, security and operational functionality, particularly in higher-density urban environments. Parcel delivery, once considered a minor operational detail, has become an increasingly important part of that equation.

Australia Post’s Parcel Locker network sits at the centre of that behavioural shift.

What began as a simple alternative delivery option has evolved into a key piece of infrastructure supporting Australia’s growing eCommerce economy and changing urban lifestyles.

And as online shopping continues to expand, the role of Parcel Lockers is likely to become even more embedded in how Australians live, shop and receive goods.

How Australia Post Parcel Lockers changed parcel delivery convenience in Australia

Perth’s new apartment market recorded its strongest quarter of sales since Q4 2021, with 412 apartments sold in Q1 2026 and a record quarterly sold value of $537 million, according to Urbis’ latest Apartment Essentials results.

Urbis said the March quarter result reflects strong, highly product‑specific demand across both ends of the market, from more attainable projects delivering at scale, through to premium stock being absorbed by equity‑rich downsizers.&nbsp;

David Cresp, Partner at Urbis, said the key story in Perth is not demand, it is the market’s ability to convert demand into delivered housing.&nbsp;

“This is the strongest sales quarter since Q4 2021, and it reinforces that demand in Perth is real and it’s local,” David Cresp said. “But the task now is delivery, turning that demand into projects that can actually be built and completed.”&nbsp;

[smartcode_project:default project_id=110291 project_image_fid=302785]

<h2>Affordable product leads, premium demand remains resilient</h2>

Sales in Q1 were led by more affordable projects, with The Boulevard (SKS Group) recording 115 sales in the quarter, the presentation noting this is only the second time a single project has surpassed 100 quarterly sales. The project was able to offer more affordable housing product right next to a train station.&nbsp;

Palmyra West (Finbar) also delivered strong results with 28 sales in Q1, following 84 sales in Q4, with an average price of under $800,000, underscoring depth of demand for well‑located, attainable new stock.&nbsp;

At the premium end, Urbis said downsizer demand is continuing, with the results highlighting Romeo (Applecross, Finbar) recording 75 sales and reaching almost 50% sold in one quarter.

Jual (Shenton Park, Celsius Property) also posted a strong quarter with 28 sales, reaching 39% sold in one quarter.

Urbis noted that Perth apartment demand is not speculative, not investor‑led, and not uniform, describing it as localised, often equity‑driven and highly product‑specific, a pattern reflected in the polarisation between strong “attainable” performers and premium downsizer product.&nbsp;

[smartcode_project:default project_id=148957 project_image_fid=364102]

<h2>Prices underpinned by costs, and the delivery risk is growing</h2>

Urbis said pricing pressure is cost not demand‑driven: construction costs and delivery risk are now a central constraint, with the results noting build costs remain elevated and volatile, and that energy, fuel and labour uncertainty weigh on feasibility.

David Cresp said a growing challenge for private Build‑to‑Sell developers is simply securing a builder in the current environment.

“Developers are really feeling the pressure from a building market that was operating at capacity and securing a builder is challenging,” David Cresp said, adding that even where a builder can be secured, “trying to get to the price that makes the development financially viable is incredibly challenging in the current market.”&nbsp;

Urbis’ broader WA commentary also notes that industry remains at or above capacity with lot and housing creation, and that many builders are limiting new sales to manage stretched workforces and fixed‑price contract pressures, conditions that flow directly into apartment feasibility and delivery timing.

[smartcode_project:default project_id=108869 project_image_fid=317905]

<h2>Supply: improving later, but still constrained, and Perth lags eastern benchmarks</h2>

While near‑term supply remains constrained, Urbis’ forecast shows completions lifting “Supply is forecast to be back above 1,500 apartments per annum for the first time since 2019”, with 1,775 completions forecast for 2026, and volumes remaining above that level over the following years.&nbsp;

Looking further ahead, completions are forecast to reach 2,500 in 2028, with the report noting 32% of that total is social/affordable, reflecting the role of government‑supported delivery in rebuilding the pipeline.&nbsp;

However, Urbis said Perth remains behind comparable markets on pipeline scale. In a national comparison of projects under construction, the report shows under construction Perth Build‑to‑Sell (BTS) at 3,446 apartments versus the Gold Coast at 7,922. Mr Cresp said “The challenge for Perth is how to we grow the delivery pipeline”.

Urbis’ conclusion is that Perth’s market is increasingly defined by product discipline and delivery certainty, with the research identifying “delivery certainty is key” and calling out builder risk and procurement models as core success factors, alongside “timing and staging”.&nbsp;

Perth apartment sales hit strongest pace since late 2021 as builder capacity tightens

<a href="https://www.apartments.com.au/developers/sammut-developments">Sammut Group</a> has secured development approval for its latest Brisbane apartment project, marking the Sydney developer’s next step in expanding its Queensland pipeline following the success of its debut Gold Coast development, Coast.

The approved project at <a href="https://www.apartments.com.au/new-apartments/44-glen-road-toowong-qld-4066">44 Glen Road, </a><a href="https://www.apartments.com.au/developments/toowong-qld-4066">Toowong</a> will deliver a 15-storey riverfront apartment building with 42 residences, significantly increasing the scale of the site’s previous approval for a smaller luxury scheme. Designed by Bureau^proberts, the development will comprise a mix of predominantly four-bedroom and two-bedroom apartments positioned to maximise Brisbane River and city views.

Sammut Director Julian Sammut said the group had been actively searching Brisbane for several years before identifying Toowong as the right fit.

“Brisbane was the right step for Sammut,” Sammut said.

“With the success of Coast we thought we should definitely look to do more in Queensland alone. We then pushed up to look at Brisbane. We've been looking for I'd say two to three years actually and it was hard to find the right location.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/f_auto,c_limit,w_1440,q_75/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/field/image/Screenshot%202025-12-23%20at%203.27.14%E2%80%AFPM.png?VersionId=dYAVIL7qdcGA8ojvkslSrLjczXFejSSx" />

Sammut said suburbs including New Farm and Teneriffe were considered before the group ultimately focused on Toowong due to its strong downsizer demographic and limited supply of developable riverfront land.

The site was acquired off-market after what Sammut described as a lengthy negotiation and planning process, with the developer pursuing an uplift to the original approval.

“We are DA approved now which is very exciting,” Sammut said.

“We've had our change approval come through and we've obviously doubled the height, 15 storeys plus rooftop. We've got 42 amazing apartments that are going to be coming to market soon.”

<img alt="Sammut makes Brisbane apartment play" data-entity-type="" data-entity-uuid="" src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,dpr_2.0,q_auto:good/https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202025-12-23%20at%203.27.26%E2%80%AFPM.png?VersionId=ohkRkY0dIZlqdfME2EZePsCQavRiBadE" />

Bureau^proberts said the design responds to Toowong’s evolving urban character, balancing contemporary apartment living with the area’s established residential identity.

“A place where traditional Queensland living has taken place for centuries; Toowong is seeing a shift of contemporary influence, commercial and retail hubs mixed with well-considered residential offerings – all the while maintaining its character and charm,” the architect noted in planning documents submitted to Brisbane City Council.

The architecture practice said the project’s form was shaped by its riverfront setting, flood considerations, neighbouring building scales, and view corridors.

“They said the mix of four and two-bedroom apartments capture the ‘fundamental qualities of Queenslander living,’ translated into the context of a contemporary subtropical building.”

The development sits just off Coronation Drive within walking distance of Toowong’s retail precinct and the upgraded Regatta ferry terminal, while also benefiting from proximity to the incoming green bridge connection to West End. Sammut said the accessibility and amenity offering were central to the site’s appeal.

The approval adds to growing residential activity along the Toowong riverfront, joining nearby projects including Consolidated Properties’ Monarch Residences and Spyre Group’s ARC Residences.

Sammut secures approval for debut Brisbane apartment development in Toowong

Developer Lanevick is heading back into Sydney’s apartment market after focusing more heavily on the luxury townhouse and terrace sector in recent years.

Lanevick, founded and directed by Steve Maroun, is expecting to receive approval in the coming months for a new apartment development in Gladesville, with the aim to launch it to the market later this year.

The 51-apartment project, designed by Studio Johnston, will comprise a mix of one-, two-, and three-bedroom apartments positioned toward the Hunters Hill downsizer market.

“Traditionally it’s been difficult for people in that market to downsize because there just hasn’t been the right product available,” Maroun said.

“We’re targeting buyers who might have 30 to 40 per cent of their house value sitting in the bank after downsizing.

“They still want good spacious entertaining areas, they still want quality design, but they also want flexibility and the ability to enjoy life a bit more after working hard for a long time.”

The project sits near Boronia Park and within close proximity to the Parramatta River foreshore, an area Maroun says offers more of a Hunters Hill lifestyle than a traditional apartment precinct.

“From a lifestyle perspective, it’s really more Hunters Hill than Gladesville,” Maroun said. “You’re close to the foreshore, close to parklands, and still connected back into the village precinct.”

From level four and above, apartments will capture water views&nbsp;toward Sydney Harbour. Communal amenity will include rooftop entertaining areas, wellness spaces, and a gym tailored toward owner-occupier buyers.

“We’ve really designed these apartments around that buyer coming from the Hunters Hill LGA and what they’re actually looking for in their next chapter.”

The proposed development has also been designed to respond to the changing character of the broader Gladesville town centre, where a growing number of mixed-use and residential proposals are expected to emerge over the coming years.

“Gladesville presented a rare opportunity to deliver a genuinely design-led residential project within an evolving lifestyle precinct, just moments from the growing Gladesville town centre, and we’ve approached the project with a strong focus on architecture, liveability and long-term community value,” Maroun said.

Maroun said Lanevick saw a first-mover advantage within the precinct as planning controls continue to evolve to accommodate greater housing density.

“We think there’s a real opportunity there that hasn’t really been serviced properly yet,” he said.

“There’s going to be a broader evolution of the whole Gladesville village precinct over time, particularly with more activation and mixed-use outcomes.”

The Venus Street proposal will include a commercial and retail component at ground level designed to contribute to that evolving streetscape activation.

“A big part of the thinking was how do you activate that area properly and create more vibrancy and amenity, which is what Hunters Hill has been looking for,” Maroun said.

Lanevick’s focus since 2020 has largely been on smaller-scale luxury townhouse and terrace developments. The developer recently completed Royale Randwick, also designed by Studio Johnston, where prices reached $3.65 million. The project was featured in the UDIA NSW 2026 Professional Development Prospectus and was also named a finalist for Development of the Year.

&nbsp;

Lanevick to cater for Hunters Hill downsizers with new Gladesville apartment development

Central Coast

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Hunters Hill based NRMA chief Rohan Lund and wife Teresa have spent $2.62 million on a luxury weekender overlooking Toowoon Bay beach, on the NSW Central Coast.
Perched on a privately elevated 727 sqm parcel above Kims Beachside Resort, the home has six bedrooms, two living areas, two kitchens and a resort style pool.
Michael Walker at McLachlan Partners Long Jetty sold the home after 165 days after seeking interest of $3 million.
It's the second highest price paid in the small suburb.
Lund previously held senior positions at Yahoo, Optus, Foxtel and Seven West Media before being appointed group chief executive of NRMA in 2015.
This article first appeared in the Daily Telegraph.
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NRMA chief Rohan Lund buys Toowoon Bay weekender

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The NSW Central Coast's strongest performing locations - both now and for the past several years - has been the peninsula suburbs at the southern end of the region, according to Herron Todd White’s latest report.
The property valuation firm says that included Umina Beach, Woy Woy and Ettalong with records being set and broken in very short periods of time.
"Almost daily, we talk to people and hear the surprise at the prices being paid," HTW's latest report noted.
"These areas have been around forever.
"Originally a holiday or retirement destination, this has been evolving over the years to become popular with first home buyers or those looking at a lower cost base.
"Nowadays, these areas have become a magnet for renovators, value adders with those looking to exit the Sydney market finding these areas particularly attractive due to the comparative level of affordability," the report stated.
It’s this exodus from the Sydney market that is seen to be driving the values in these locations.
"Regularly, we are seeing prices rocketing past the $700,000 mark when the same property could have been purchased for much less just a few short years ago.
A three bedroom villa at <a href="https://www.realestate.com.au/property-villa-nsw-ettalong+beach-125076934" target="_blank">3/30 Flounder Road</a>, Ettalong Beach (above) has been listed with a price guide of between $675,000 to $725,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-woy+woy-124940918" target="_blank">35 Pratley Street</a>, Woy Woy (below) has been listed with a price guide of between $670,000 to $735,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/04/20/35%20Pratley%20Street.jpg" alt="">
"Knowing this, established locals are reluctant to pay the asking prices, but for every hesitant local, there is a new resident eager to step in," the report noted.
$700,000 nowadays will secure a 2-to 3-bedroom fibro dwelling close to the shops and beach or a mid 1970s style, 3-bedroom brick and tile a little further from the shops," the report advised.
Renovations are aplenty and the builders are happy.
"The peninsula has always had a love affair with backyard granny flats, mostly in the form of a converted garage and some even being council approved.
But recently, they have been popping up everywhere and granny flat builders are flat out.
These are particularly popular with investors who in many cases are effectively doubling the income received from a property.
"Whether the proliferation of granny flats is good for the area remains to be seen, but we have been saying for some time now that the increasing values have passed the point of being sustained on an ongoing basis and we still believe this to be the case," the report stated.
"The market moves on without waiting and whilst we can worry about the future of the peninsula’s values, a flow on effect is being seen in other areas further along the coastal strip and at this stage, we haven’t heard any complaints of things getting out of hand.
“In this regard, we see the older areas on the fringe of the Gosford CBD as being the big winners.
"This includes areas such as Narara, Niagara Park and Wyoming,” the report stated.
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j.ballantyne1990-6AQqhLzZaK

NSW Central Coast granny flats doubling investor income: HTW

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The Central Coast region provides many choices or first home buyers, according to HTW’s Month in Review: March 2017. 
The valuation firm says at the northern end of the region, first home buyers would be looking at Gwandalan for newer housing and Lake Munmorah, San Remo, Budgewoi and Gorokan for older dwellings.
New housing in the Woongarrah, Hamlyn Terrace and Wadalba areas are also available for those with a little more to spend.
“In terms of prices, this nowadays starts above $400,000 for older dwellings and upwards of $500,000 for newer housing,” HTW says.
“Depending on the location and price, many of these dwellings will be unrenovated.”
In the south of the region, first home buyers have been eyeing off suburbs such as Narara, Niagara Park and Wyoming as a starting point.
“ These are older suburbs with generally older dwellings and prices rarely seen below $500,000 with good transport links, close to schools and close to shops,” the report says.
“The main northern railway line runs through the region, but without rail corridors to the suburbs away from it, public transport is a little limited on the coast, so options for first home buyers without motor vehicles are similarly a little limited.
“However, the number of new unit complexes recently completed, currently under construction, planned and already existing in the Gosford City Centre should go some way to addressing this problem.”
“Old and new units provide an affordable option for first home buyers with the prospect of turning them into investment properties should unit living be replaced by living in a freestanding dwellings.”
HTW says that the price point for investors and owner occupiers is quite similar and many of the typical first home buyer suburbs are shared with investors.
It considers house and land packages mostly good value when the inclusions in the products are listed.
“In terms of housing, the suburbs of Woongarrah, Hamlyn Terrace and Wadalba are where the bulk of the house and land packages can be found,” it says.
“Many have four bedrooms, two bathrooms, double garage, modern finishes and are ready to move into.
“Prices are in the mid to high $500,000s with more affordable options available for smaller dwellings, but with the same level of finishes and amenity.
“For those who find new housing in a developing estate not to their liking, we suggest the buy and renovate option.”
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-hamlyn+terrace-124878834" target="_blank">40 Hamlyn Road</a>, Hamlyn Terrace (above) has been listed with a price guide of between $640,000 to $680,000.
Similarly a four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-woongarrah-124664622" target="_blank">2 Tooloom Close</a>, Woongarrah (below) has been listed with a price guide of $685,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/03/09/2%20Tooloom%20Close.jpg" alt="">
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jonathanchancellor-7SQnKwU6yx

Plenty of options for first home buyers on NSW Central Coast: HTW

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Retired Aussie fast bowler Nathan Bracken and wife Haley have sold their Central Coast home for $735,000 in just nine days.
<a href="https://www.colemanestateagents.com.au/selling/NSW/Central-Coast-and-Region/Hamlyn-Terrace/House/1P2214">The former Clarendon display home </a>in Hamlyn Terrace was bought by a Melbourne couple. The Brackens had paid $499,000 in 2005.
Architecturally designed, the four bedroom home with separate study has private landscaped gardens on its 600 sqm parcel.
Coleman Estate Agents Ron Coleman sold the home which achieved a near record price for the former Australian cricketer and his wife, a former Dancing with the Stars contestant.
The record sits at $742,500. 
The couple have spent $975,000 on a luxury acreage in Jilliby.
Bracken, a left arm fast bowler, retired from cricket in 2011 due to a chronic knee injury.  Bracken was capable of swinging the ball both ways.
He represented New South Wales and Australia in Test and ODI matches.
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Retired Aussie fast bowler Nathan Bracken sells

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The Central Coast property market heated up during 2016, but opinions differ on what lies ahead for the region, according to HTW's February 2017 update.
The valuation firm says it thought the Christmas break might provide the time to take a breath and regroup, but not so.
Instead, the market just took up where it left off and it’s just as busy.
“For a while now, we have been talking of the end of another cycle in property when we can again see the market slow, prices come back a little before stabilising and picking up again,” the report says.
“That’s how it has always been, but not so or not yet anyway.
“Local real estate agents are divided on where we are heading with some seeing a continuation of the hot market, others cannot see it lasting much longer and a few (a lot actually) are saying that the only thing they are certain about is that they don’t know!
“For our part, the market just seems to keep rolling with each new reporting period throwing us a few surprises as to what’s moving and by how much.”
HTW says the signs are that the market will continue to grow while buyers looking to expand their portfolios are being squeezed out of the Sydney market and are finding that property prices on the Central Coast remain reasonable.
Older houses under the stewardship of new owners are being renovated, modified and extended.
These areas include the peninsula suburbs of Narara, Niagara Park and Wyoming.
In previous years Umina Beach, Woy Woy and Ettalong Beach have been the focus of attention and continue to be so, but a little less overall such is the pricing now within these suburbs.
“We think of popularity and activity radiating out from a central point and this could well be the year for areas at the northern end of the region,” HTW says.
“As suburbs go through their cycles and buyers look to get in early on the next big thing, we are thinking (once again) that Budgewoi, Buff Point, Lake Munmorah, Gwandalan and Summerland Point may become popular. 
“Always sure to draw an opinion is the Gosford City Centre.
“The developers are back in town with numerous projects completed during 2016 and more under construction."
For $445,000 a house such as the one at <a href="https://www.realestate.com.au/property-house-nsw-budgewoi-124500926" target="_blank">206 Scenic Drive</a>, Budgewoi (above) is available for $429,000.
Sales rates are proving the unit market is popular once again.
“Commencements seem to be well managed meaning that the potential for a glut of units on the market simultaneously should be avoided.
“Even more encouraging is the quality of the new projects under way with higher standards the norm.”
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Will the good times last for the Central Coast?

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The 2GB broadcaster Ray Hadley has sold his little-used Toowoon Bay weekender on the Central Coast.
An offer came out of the blue for the beachfront property through McLachlan Partners agent Bruce McLachlan.
The home had four bedrooms, four bathrooms and also a gas heated plunge pool with cabana.
Its expansive ship-like terraces overlook what's been regularly voted NSW's cleanest patrolled beach.
It was bought for $3.5 million five years ago after its design by locals, EDH Architects.
McLachlan had it listed previously with a $3.5 million plus asking price when Hadley and his former wife, Suzanne were in the throws of separating.
Hadley has told mates he intends to keep his Hills district acreage.
Having won 99 consecutive ratings, he doesn't intend slowing down, but will be spending a bit more time on the Gold Coast.
He's bought back in with a highrise two bedder apartment purchase at Main Beach.
Between his Rugby League commentary on Channel 9 and also broadcasting periodically from Brisbane on 4BC, he's set to enjoy some downtime at the increasingly popular Tedder Avenue strip.
He'll no doubt be bumping into fellow Sydneysiders who've increasingly fancied Main Beach for their property forays in South East Queensland.
Business executive Katie Page is nearing completion of her development of the eight storey beachfront tower called M3565.
Mr Apartments himself, Harry Triguboff has owned at Main Beach since 1990.
One of the most recent entrants is Seven Boss Ryan Stokes, who paid $1.2 million in the prized Silverpoint building.
This article was first published in the Saturday Daily Telegraph.
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jchancellor-FAypfDUnLy

Little-used Toowoon Bay weekender sold by Ray Hadley

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The Blackmore's chief executive Christine Holgate has finally sold her redundant Central Coast weekender.
A price reduction six months ago to $2.2 million has prompted the Pearl Beach sale that was initially listed with $2.6 million hopes with PRD Ettalong Beach agent Stuart Gan over a year ago.
She paid $2.3 million for the bushland retreat in 2008.
The four bedroom home had been deemed surplus to requirements to the head of the vitamin tablet company, who upgraded weekenders last October when she spent $5.2 million on a Walter Barda-designed beachfront.
It too traded at a loss since $5.8 million was paid in 2009 when billionaire retail king Brett Blundy bought from the former Photon Group executive chairman Tim Hughes and his wife, Jackie.
Holgate's Blackmore shares saw trading at $220 record highs earlier this year as they have tapped into the Chinese market for vitamin E, selling some 500,000 tubs a month. They are now trading at $112 on the ASX.
Last December she offloaded $4 million in Blackmores shares at around $171 a share, disclosuring to the ASX that she was "soon to be married" and had sold the shares to help fund the new home.
The UK born Holgate married her partner Michael Harding at a ceremony in the English coastal town of Aldeburgh earlier this year.
This article was first published in the Saturday Daily Telegraph.
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Blackmore's chief finally sells Central Coast weekender

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The Central Coast holiday home of convicted former NSW detective Roger Rogerson has been sold to pay his lawyers' fees for his recent murder trial.
Last month's $555,000 sale of the basic single level 1950s cottage was at Long Jetty.
Located 100 km north of Sydney, it was sold to a self managed superannuation fund investor who <a href="https://bateaubay.ljhooker.com.au/597H3X/8-thelma-street-long-jetty" target="_blank">now seeks $420 a week rental</a>.
It was just the one bedroom cottage with combustion fireplace and sunroom, located a few hundred metres to Toowoon Bay.
It was sold pre-auction through LJ Hooker agent Mitch Clifton who marketed it as a cute 1950's single level beach cottage situated on large lot, "perfect to renovate, invest, or make way to build a dream home, duplex or townhouses."
Set behind a picket fence, the house last traded at $51,000 in 1984.
The 660 sq m Thelma Street holding was retained by Roger following his 1992 divorce from his first wife, Joy.
Rogerson still co-owns the Padstow home he bought with his second wife, Anne in 1998 for $346,500.
Duncan McNabb's 2006 book, The Dodger: inside the world of Roger Rogerson noted both his homes were wired by listening devices by the authorities, ICAC and the Police Integrity Commission in their pursuit of Rogerson's earlier misdemeanours.
One of McNabb's chapters was prophetically titled: He's a great detective, but a lousy criminal.
The Telegraph crime report Mark Morri wrote that Rogerson spent nearly $1 million on his murder trial defence forcing him to sell his "beloved holiday house" at Long Jetty.
It was suggested Rogerson executed drug trafficing student Jamie Gao for a Triad crime syndicate because they believed the 20-year-old was an informant, with Rogerson and his co-accused Glenn McNamara allegedly allowed to keep the drugs.
Rogerson is awaiting sentence and McNamara has indicated he will lodge an appeal.
This article was first published in the Sunday Telegraph.
 
 
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Convicted former NSW detective Roger Rogerson sells Long Jetty holiday home

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A waterfront two bedroom home on the Central Coast of New South Wales has had its asking price dropped by $100,000 since listing.
The property, 301 Patong Creek Patonga, had its listing price dropped from $799,000 to $699,000 last week, according to SQM Research.
SQM Research managing director Louis Christopher said the property has a lot to offer, although can only be accessed by boat from Merooa Avenue Beach.
"The property appears to be in a good condition, with the vendor recently updating the property's water tanks, pumps and septic tank," he said.
"The listing also states that the private pontoon has been recently extended to take boats big and small.   
"The vendors has kindly included in this price a catamaran, a 'couple of dinghies' and most of the furniture. This is a great for buyers looking to get out of the city, frolicking in the river, and sailing down the Hawkesbury."
 
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Waterfront NSW home reduced by $100k: SQM Research

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The suburb of Berkeley Vale in NSW's Central Coast region - postcode 2261 - generated a median gross yield of 8 percent on units over the last 12 months, and is in the top 10 on CoreLogic RP Data's latest list of suburbs with the highest median gross yield, according to property value.
Berkeley Vale's yield was well above the national average of 4.63 percent, the data showed.
The median unit sale price in the suburb was $222,000, a little more than half the national average of $438,000.
Berkeley Vale showed impressive growth in median prices over a 12-month period at 5.71 percent, well above the 2.1 percent growth nationally.
<a href="/images/2016/05/17/Screen%20Shot%202016-05-17%20at%2012.07.42%20PM.png" target="_blank">Click to enlarge</a>
 <img src="/images/2016/05/17/Screen%20Shot%202016-05-17%20at%2012.07.42%20PM.png" alt="" width="408" height="359">
From a rental perspective, the median rent was $340 per week and Berkeley Vale was at seventh place in NSW on yields with a gross yield of 8 percent. 
The suburb had a population of around 46,000 people, according to the last ABS census data.
Property Observer looked up a few units in Berkeley Vale around the median range for renting on www.realestate.com.au.
<img src="/images/2016/05/20/image9.jpg" alt="" width="648" height="486" style="line-height: 1.3em;">
1. A two-bedroom unit at <a href="https://www.realestate.com.au/property-apartment-nsw-berkeley+vale-418385170" target="_blank">115/15 Lorraine Ave Berkeley Vale</a> is up for rent for $310 per week. This property last traded for $170,000 in 2003 and was listed in early 2015 with price expectations of more than $199,000, according to CoreLogic RP Data.
 
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